Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Competitiveness figures disappointing

Media release
11 May 2006

Competitiveness figures disappointing

The latest competitiveness survey shows New Zealand dropping six places since last year - a result that should be a concern for all New Zealanders, says Business NZ Chief Executive Phil O’Reilly.

The IMD World Competitiveness Yearbook, operated in New Zealand in conjunction with the New Zealand Institute of Management, now ranks New Zealand in 22nd place on the list of 61 surveyed countries, while Australia has lifted its ranking from 9th to 6th place.

Mr O’Reilly said the results showed New Zealand doing well in some areas, including action to improve skills, but falling behind in other important areas.

“If we want economic transformation, these finding are instructive.

“In the ‘economic performance’ category, the drop in international trade and direct international investment has pushed us down from 15th place last year to 30th place in 2006.

“There are also problems in the ‘infrastructure’ category. Good parts include our public spending on education, relatively low broadband costs, and pollution control. But for environmental laws and compliance, we score 61st out of 61. This is a loud wake-up call for the Resource Management Act.

“This year’s competitiveness survey provides many pointers for improvement in policy settings for New Zealand business,” he said.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>